Wie so oft in der
Historie gilt der
Januar als
beliebter Monat für
Übernahmen und
M&A-Transaktionen im
Junior-Mining und
Goldminensektor. So startet auch das frische Jahr
2016 gleich mit einer
Akquisition eines
kleineren Projektentwicklers in
Kanada.
Die Übernahme von
NioGold Mining (V.
NOX) durch
Oban Mining (T.
OBM) ist dabei eine logische Konsolidierung im "
Osisko-Haus", da beide Firmen von den
denselben Fädenziehern kontrolliert werden..
OBAN MINING TO ACQUIRE NIOGOLD MINING
Announces $10 Million Subscription Receipt Offering
Toronto, Ontario (January 11, 2016) – Oban Mining Corporation (TSX:OBM) (“Oban“) and NioGold Mining Corporation (TSX-V: NOX) (“NioGold“) are pleased to announce that they have entered into a
definitive arrangement agreement dated January 11, 2016 (the “Arrangement Agreement“) pursuant to which Oban has agreed to acquire all of the issued and outstanding common shares of NioGold (“NioGold Shares“). The acquisition by Oban of all of the issued and outstanding NioGold Shares is expected to be completed by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement“).
Particulars of the Transaction
Under the terms of the Arrangement Agreement, holders of NioGold Shares (“NioGold Shareholders“) will be entitled to receive 0.4167 common shares of Oban (“Oban Shares“) in exchange for each NioGold Share held, representing an implied offer price of $0.50 per NioGold Share and a premium of approximately 51.5% based on the closing price of Oban Shares on the Toronto Stock Exchange ($1.20) and NioGold Shares on the TSX Venture Exchange ($0.33) on January 8, 2016 (being the last trading day prior to the announcement of the Arrangement).
The Arrangement will require the approval of at least 66⅔ percent of the votes cast by NioGold Shareholders at a special meeting expected to take place in March 2016 (the “NioGold Meeting“). NioGold Shareholders representing approximately 38.8% of the issued and outstanding NioGold Shares have entered into voting and support agreements with Oban in support of the Arrangement. The board of directors of NioGold, on the recommendation of its independent special committee (the “NioGold Special Committee“), has unanimously approved the Arrangement and will recommend that NioGold Shareholders vote in favour of the Arrangement..
